STOCK TITAN

[Form 4] Walgreens Boots Alliance, Inc Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Senior Vice President and Chief Corporate Affairs Officer Beth Amber L. Fabbri reported a disposition of 124,670 shares of Walgreens Boots Alliance, Inc. common stock on 08/28/2025. The filing shows 0 shares beneficially owned following the reported transaction. The disposal reflects cancellation of restricted stock units (including dividend-equivalent RSUs) in connection with the merger described in the filing: at the merger's effective time each share of common stock was converted into $11.45 in cash plus one divested asset proceed right. The filing notes that consideration for any RSUs that were unvested at the effective time remains subject to continued employment-based vesting conditions.

La Senior Vice President e Chief Corporate Affairs Officer Beth Amber L. Fabbri ha segnalato la vendita di 124.670 azioni ordinarie di Walgreens Boots Alliance, Inc. in data 28/08/2025. La comunicazione indica che dopo l'operazione risultano possedute beneficiariamente 0 azioni. La cessione riflette l'annullamento di restricted stock units (comprese le RSU equivalenti ai dividendi) in relazione alla fusione descritta nel documento: al momento dell'efficacia della fusione ogni azione ordinaria è stata convertita in $11,45 in contanti più un diritto sui proventi di un asset dismesso. Il documento precisa che la controparte per eventuali RSU non vestite al momento dell'efficacia rimane soggetta alle condizioni di vesting basate sulla continuazione dell'impiego.

La Senior Vice President y Chief Corporate Affairs Officer Beth Amber L. Fabbri declaró una disposición de 124.670 acciones ordinarias de Walgreens Boots Alliance, Inc. el 28/08/2025. La presentación muestra 0 acciones en propiedad beneficiaria tras la transacción comunicada. La venta refleja la cancelación de unidades de acciones restringidas (incluidas las RSU equivalentes a dividendos) en relación con la fusión descrita en el documento: en el momento de efectividad de la fusión cada acción ordinaria se convirtió en $11,45 en efectivo más un derecho sobre los ingresos de un activo desinvertido. El documento señala que la contraprestación por cualquier RSU que no estuviera consolidada al momento de la efectividad sigue sujeta a condiciones de vesting basadas en la continuidad del empleo.

수석 부사장 겸 최고 기업홍보책임자(Beth Amber L. Fabbri)는 2025-08-28에 Walgreens Boots Alliance, Inc. 보통주 124,670주를 처분했다고 보고했습니다. 제출 서류에는 보고된 거래 후 0주를 실질적으로 보유하고 있는 것으로 기재되어 있습니다. 이번 처분은 제출 서류에 설명된 합병과 관련하여 제한주식단위(RSU, 배당 등가 RSU 포함)의 취소를 반영한 것이며, 합병 발효 시 각 보통주는 현금 $11.45분리된 자산 수익권 1개로 대체되었습니다. 제출 서류는 발효 시점에 아직 베스팅되지 않은 RSU에 대한 대가는 계속적인 고용 기반의 베스팅 조건의 적용을 받는다고 명시합니다.

La Senior Vice President et Chief Corporate Affairs Officer Beth Amber L. Fabbri a déclaré la cession de 124 670 actions ordinaires de Walgreens Boots Alliance, Inc. le 28/08/2025. Le dépôt indique qu'après la transaction déclarée, 0 action est détenue à titre bénéficiaire. La cession reflète l'annulation d'unités d'actions restreintes (y compris les RSU équivalentes aux dividendes) en lien avec la fusion décrite dans le dossier : à la date d'effet de la fusion, chaque action ordinaire a été convertie en 11,45 $ en espèces plus un droit sur le produit d'un actif cédé. Le dossier précise que la contrepartie relative à toute RSU non acquise à la date d'effet reste soumise aux conditions d'acquisition liées à la poursuite de l'emploi.

Senior Vice President und Chief Corporate Affairs Officer Beth Amber L. Fabbri meldete am 28.08.2025 die Veräußerung von 124.670 Aktien der Stammaktien der Walgreens Boots Alliance, Inc. Die Einreichung weist aus, dass nach der gemeldeten Transaktion 0 Aktien begünstigt gehalten werden. Die Veräußerung spiegelt die Stornierung von Restricted Stock Units (einschließlich dividendenäquivalenter RSUs) im Zusammenhang mit der in der Einreichung beschriebenen Fusion wider: zum Fusionszeitpunkt wurde jede Stammaktie in $11,45 in bar plus ein Recht auf Erlöse aus einem veräußerten Vermögenswert umgewandelt. Die Einreichung weist darauf hin, dass die Gegenleistung für etwaige RSUs, die zum Wirksamkeitszeitpunkt noch nicht vested waren, weiterhin an beschäftigungsbasierte Vesting-Bedingungen gebunden ist.

Positive
  • Clear disclosure of the transaction and the merger consideration (cash and divested asset proceed right)
  • Compliance with Section 16 reporting showing details of RSU cancellation and vesting-treatment for unvested awards
Negative
  • Reporting person holds 0 shares following the transaction, eliminating direct common-stock ownership
  • Some RSU payouts remain contingent on continued employment, creating uncertainty about ultimate economic receipt for unvested awards

Insights

TL;DR Insider RSUs were cancelled for merger consideration of $11.45 cash plus asset-proceed rights; reporting officer now shows zero shares.

The Form 4 discloses a complete disposition of 124,670 shares reported as resulting from the Merger Agreement dated March 6, 2025. The per-share cash component is $11.45 plus a divested asset proceed right, which converts equity into cash and a separate claim on divested assets. For analysts, the transaction is a corporate event-driven liquidity outcome rather than an open-market sale by the officer; unvested RSU consideration remains contingent on continued service, which preserves some retention mechanics.

TL;DR Executive's equity converted under merger terms; Form 4 reflects compliance with Section 16 reporting and vesting contingencies for unvested RSUs.

The filing documents termination of direct share ownership for the reporting officer following the merger's effective time. It clarifies that RSUs, including dividend-equivalent RSUs, were cancelled in exchange for the merger consideration and that payments tied to unvested RSUs remain subject to pre-existing vesting conditions and continued employment. The disclosure is consistent with standard merger-related equity settlement and highlights that some economic exposure may persist through contingent payout rights.

La Senior Vice President e Chief Corporate Affairs Officer Beth Amber L. Fabbri ha segnalato la vendita di 124.670 azioni ordinarie di Walgreens Boots Alliance, Inc. in data 28/08/2025. La comunicazione indica che dopo l'operazione risultano possedute beneficiariamente 0 azioni. La cessione riflette l'annullamento di restricted stock units (comprese le RSU equivalenti ai dividendi) in relazione alla fusione descritta nel documento: al momento dell'efficacia della fusione ogni azione ordinaria è stata convertita in $11,45 in contanti più un diritto sui proventi di un asset dismesso. Il documento precisa che la controparte per eventuali RSU non vestite al momento dell'efficacia rimane soggetta alle condizioni di vesting basate sulla continuazione dell'impiego.

La Senior Vice President y Chief Corporate Affairs Officer Beth Amber L. Fabbri declaró una disposición de 124.670 acciones ordinarias de Walgreens Boots Alliance, Inc. el 28/08/2025. La presentación muestra 0 acciones en propiedad beneficiaria tras la transacción comunicada. La venta refleja la cancelación de unidades de acciones restringidas (incluidas las RSU equivalentes a dividendos) en relación con la fusión descrita en el documento: en el momento de efectividad de la fusión cada acción ordinaria se convirtió en $11,45 en efectivo más un derecho sobre los ingresos de un activo desinvertido. El documento señala que la contraprestación por cualquier RSU que no estuviera consolidada al momento de la efectividad sigue sujeta a condiciones de vesting basadas en la continuidad del empleo.

수석 부사장 겸 최고 기업홍보책임자(Beth Amber L. Fabbri)는 2025-08-28에 Walgreens Boots Alliance, Inc. 보통주 124,670주를 처분했다고 보고했습니다. 제출 서류에는 보고된 거래 후 0주를 실질적으로 보유하고 있는 것으로 기재되어 있습니다. 이번 처분은 제출 서류에 설명된 합병과 관련하여 제한주식단위(RSU, 배당 등가 RSU 포함)의 취소를 반영한 것이며, 합병 발효 시 각 보통주는 현금 $11.45분리된 자산 수익권 1개로 대체되었습니다. 제출 서류는 발효 시점에 아직 베스팅되지 않은 RSU에 대한 대가는 계속적인 고용 기반의 베스팅 조건의 적용을 받는다고 명시합니다.

La Senior Vice President et Chief Corporate Affairs Officer Beth Amber L. Fabbri a déclaré la cession de 124 670 actions ordinaires de Walgreens Boots Alliance, Inc. le 28/08/2025. Le dépôt indique qu'après la transaction déclarée, 0 action est détenue à titre bénéficiaire. La cession reflète l'annulation d'unités d'actions restreintes (y compris les RSU équivalentes aux dividendes) en lien avec la fusion décrite dans le dossier : à la date d'effet de la fusion, chaque action ordinaire a été convertie en 11,45 $ en espèces plus un droit sur le produit d'un actif cédé. Le dossier précise que la contrepartie relative à toute RSU non acquise à la date d'effet reste soumise aux conditions d'acquisition liées à la poursuite de l'emploi.

Senior Vice President und Chief Corporate Affairs Officer Beth Amber L. Fabbri meldete am 28.08.2025 die Veräußerung von 124.670 Aktien der Stammaktien der Walgreens Boots Alliance, Inc. Die Einreichung weist aus, dass nach der gemeldeten Transaktion 0 Aktien begünstigt gehalten werden. Die Veräußerung spiegelt die Stornierung von Restricted Stock Units (einschließlich dividendenäquivalenter RSUs) im Zusammenhang mit der in der Einreichung beschriebenen Fusion wider: zum Fusionszeitpunkt wurde jede Stammaktie in $11,45 in bar plus ein Recht auf Erlöse aus einem veräußerten Vermögenswert umgewandelt. Die Einreichung weist darauf hin, dass die Gegenleistung für etwaige RSUs, die zum Wirksamkeitszeitpunkt noch nicht vested waren, weiterhin an beschäftigungsbasierte Vesting-Bedingungen gebunden ist.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
X
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Fabbri Beth Amber L.

(Last) (First) (Middle)
C/O WALGREENS BOOTS ALLIANCE, INC.
108 WILMOT ROAD

(Street)
DEERFIELD IL 60015

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Walgreens Boots Alliance, Inc. [ WBA ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP Chief Corp Affairs Officer
3. Date of Earliest Transaction (Month/Day/Year)
08/28/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/28/2025 D 124,670(1) D (2)(3)(4) 0 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Includes shares underlying restricted stock units ("RSUs"), inclusive of RSUs issued in lieu of dividends.
2. Pursuant to the Agreement and Plan of Merger, dated as of March 6, 2025 (the "Merger Agreement"), by and among Walgreens Boots Alliance, Inc., a Delaware corporation (the "Company"), Blazing Star Parent, LLC, a Delaware limited liability company ("Parent"), Blazing Star Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parent ("Merger Sub"), and the other affiliates of Parent named therein, Merger Sub merged with and into the Company (the "Merger"), with the Company surviving the Merger as a wholly owned subsidiary of Parent.
3. At the effective time of the Merger (the "Effective Time") each share of Common Stock was automatically converted into the right to receive from Parent (i) $11.45 in cash, without interest thereon and subject to all applicable withholding (the "Per Share Cash Consideration"), and (ii) one divested asset proceed right issued by Parent or one of its affiliates subject to and in accordance with the divested asset proceed rights agreement (each, a "Divested Asset Proceed Right" and, collectively with the Per Share Cash Consideration, the "Per Share Consideration").
4. Pursuant to the Merger Agreement, each RSU owned by the reporting person at the Effective Time was cancelled in exchange for the Per Share Consideration, provided that, payment of such consideration with respect to any RSUs that were unvested as of the Effective Time will remain subject to the Reporting Person's continued service as an employee, consistent with the vesting conditions applicable to such RSU immediately prior to the Effective Time.
Remarks:
Ms. Fabbri's full title is Senior Vice President and Chief Corporate Affairs Officer
/s/ Beth Amber L. Fabbri by Cherita Thomas, Attorney-in-Fact 08/28/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
Walgreen Boots

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Pharmaceutical Retailers
Retail-drug Stores and Proprietary Stores
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United States
DEERFIELD